Social Network Giant Facebook (NASDAQ: FB) will accept the Annual Shareholders' Meeting on May 30. Before the election, Facebook released its credentials detailing the proposals that will be put to the vote. In recent years, the company has been confronted with rising investor turmoil due to the plethora of scandals, and it is common – and pointless – to ask General Director Mark Zuckerberg to voluntarily abandon his majority.
the stockholder's offer is such that Facebook is broken up. Some politicians have expressed this argument for several months, and some shareholders seem to agree
Difficult to Break down
Facebook Shareholders, Inc. (Facebook) asks the board of directors to initiate a orderly process for consultants seeking to explore strategic alternatives and to enable an independent board of directors to evaluate these alternatives in their credentials in order to maximize shareholder value, ”suggestion
on Facebook has grown exponentially over the past year and has accumulated an incredible market share and power, so companies have been invited to break down. According to the affirmative statement of the proposal, management's response to ongoing crises seemed "unknown." "It seems Facebook can be too big and difficult to manage efficiently," he says. The proposal points out that the objections weigh on the price of Facebook shares, which during the first 11 201 years. Months fell by around 24 percent. Its values. Consumer confidence in the company has also decreased
. encourages Facebook to consider withdrawing Zuck-managed Class B shares and / or "one or more subsidiaries".
Facebook Returns Back
Of course, Facebook is against the proposal and the board recommends shareholders vote against it. According to the Board, Zuckerberg's leadership has "accumulated value creation for our shareholders and explored important opportunities and challenges". Facebook says it now focuses on the most important social issues a company faces in developing new experiences, supporting third-party companies that rely on Facebook, and making it more transparent
There's no way to pass the proposal, because Zuck will be the one to vote for it. Although the young chief executive sold some of his shares to finance his philanthropic efforts, he still has 53% of the voting rights. By adding the shares of co-founder Dustin Moskovick, which Zuckerberg secured an irrevocable voting mandate many years ago, his Zuckness's total voting power rose to 57.7%.
If Facebook ever gets fragmented, it won 't be from the shareholder's offer. Actions should be taken from government officials or regulatory authorities